Notable Analyst Upgrades and Downgrades (NYSE: SNV) (TSX: AAV)

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The following stocks were upgraded/downgraded on June 02, 2014
Company Name Exchange Ticker Last Price Total Analyst Coverage Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Advantage Oil & Gas Ltd TSX AAV 6.73 1,139.8 Upgrade to outperform from sector perform Michael Harvey RBC Capital Markets 8.50 26.3%
Centerra Gold Inc TSX CG 3.70 874.7 Upgrade to sector outperform from sector perform Trevor Turnbull Scotia Capital 6.50 75.7%
Gluskin Sheff + Associates Inc TSX GS 31.66 938.2 Upgrade to buy from hold Doug Young Desjardins Securities 36.00 13.7%
Acadian Timber Corp TSX ADN 12.70 212.5 Initiate with outperform Daryl Swetlishoff Raymond James 16.50 29.9%
Crocotta Energy Inc TSX CTA 3.99 390.0 Downgrade to sector perform from outperform Dan Payne National Bank Financial 4.25 6.5%

RBC Capital Markets upgraded Advantage Oil & Gas Ltd (TSX: AAV), an intermediate oil and natural gas exploration and production company, to outperform from sector perform increasing its price target to $8.50 from C$7.00, indicating an upside of 26.3% from current levels.

Centerra Gold Inc (TSX: CG), a gold mining company engaged in the production of gold and related activities, was upgraded to sector outperform from sector perform at Scotia Capital, with a price target of C$6.50, indicating an upside of 75.7% from current levels.

Desjardins Securities upgraded Gluskin Sheff + Associates Inc (TSX: GS), a wealth management company providing discretionary investment management services to high networth private clients and institutional investors, to buy from hold with a price target of C$36.00, indicating an upside of 13.7% from current levels.

Raymond James initiated coverage on Acadian Timber Corp (TSX: AND), a supplier of primary forest products, with an outperform rating assigning a 12-month price target of C$16.50, indicating an upside of 29.9% from current levels.

National Bank Financial downgraded Crocotta Energy Inc (TSX: CTA), an oil and natural gas company engaged in the acquisition, development, exploration, and production of oil and natural gas reserves, to sector perform from outperform with a price target of C$4.25, indicating an upside of 6.5% from current levels.

The following stocks were upgraded/downgraded on June 02, 2014
Company Name Exchange Ticker Last Price Total Analyst
Coverage
Upgrade/
Downgrade
Analyst Name Rating Company Target Price Upside/
Downside (%)
Synovus Financial Corp NYSE SNV 23.48 3,263.3 Upgrade to outperform from market perform Michael Rose Raymond James 28.00 19.3%
LIN Media LLC NYSE LIN 25.51 1,413.3 Upgrade to overweight from equalweight Tracy Young Evercore Partners 28.00 9.8%
Laclede Group Inc/The NYSE LG 46.76 1,533.1 Upgrade to overweight from hold Daniel M Fidell US Capital Advisors 51.00 9.1%
Multimedia Games Holding Co Inc NASDAQ MGAM 28.70 849.9 Initiate with buy Steven M Wieczynski Stifel 36.00 25.4%
Black Box Corp NASDAQ BBOX 23.82 370.6 Downgrade to neutral from buy Gregory Burns Sidoti & Company LLC 26.00 9.2%

Raymond James upgraded Synovus Financial Corp (NYSE: SNV), a financial services and a bank holding company engaged in providing integrated financial services, to outperform from market perform with a price target of $28.00, indicating an upside of 19.3% from current levels.

LIN Media LLC (NYSE: LIN), a television company, was upgraded to overweight from equal-weight at Evercore Partners with a price target of $28.00, indicating an upside of 9.8% from current levels.

US Capital Advisors upgraded The Laclede Group Inc (NYSE: LG), a utility holding company operating in two segments: Regulated Gas Utility and Gas Marketing, to overweight from hold increasing its price target to $51.00 from $49.00, indicating an upside of 9.1% from current levels.

Stifel initiated coverage on Multimedia Games Holding Co Inc (NASDAQ: MGAM), engaged in designing, manufacturing and supplying gaming machines and systems, with a buy rating assigning a 12-month price target of $36.00, indicating an upside of 25.4% from current levels.

Sidoti & Company LLC downgraded Black Box Corp (NASDAQ: BBOX), a communications system integrator focused on designing, sourcing, implementing and maintaining communications solutions, to neutral from buy with a price target of $26.00, indicating an upside of 9.2% from current levels.

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